Mid Penn Bancorp in Harrisburg, Pennsylvania, has agreed to buy William Penn Bancorp in Bristol. The $5 billion-asset Mid Penn said in a news release that it will pay $127 million in stock for the $812 million-asset William Penn. The deal is expected to close in the first half of next year.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.
Michelle Thornhill has been named chair of the ABA Foundation board of directors for 2024-2025. She is currently head of U.S. community relations for Citibank, and was appointed chair by a board vote.
The FDIC has released a new online tool to help financial institutions, investors and others identify neighborhoods that could benefit from banking services.
Small-business owners have grown more confident about their bank’s ability to help them meet their future needs, according to J.D. Power’s 2024 Small Business Banking Satisfaction Survey.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico and South Dakota affected by severe storms and flooding.
The international trade deficit in goods and services was $84.4 billion in September, up from $70.8 billion the previous month, the Commerce Department announced.
The ISM services index increased 1.1% from the prior month to land at 56% in October, the Institute for Supply Management said.
